Member Info for BricksSA

Its such a pity that EUZ is not currently or has never been valued correctly…based on the fact that MM’s primary job is to make a market…so far they have failed miserably with EUZ …the current SP and resultant measly mcap rests squarely with them imo…
I notice no trades at all today on NEX and a few miserable fictitious sell transactions that have subsequently been reversed….3 since 21st.
EUZ was always a day traders dream….daily price fluctuations of 10% or more occurred regularly.
If the MM’s thought this could continue …. I think reality has just set in as the wheel has turned. I suspect this state of stalemate will end soon …..IMO.GLA.

The only way this will end in the red is if the MM's are still short..... As I have a suspicion they are. ie they have sold EUZ shares they havent got...They are trying desparately to claw back into a "balanced" position before the slingshot occurs. The sling is currently being loaded and they know this...hence them manipulating the sh*te out of this share...so if anyone is going to fooked its the MM....thats caught short...Big news next week is my prediction. IMO.DYOR.GLA

Luis Velez said:
January 10, 2020 at 6:37 pm
Is Europa Metals currently negotiating the sale of the Total Project to another mining company?
Reply
Jesus said:
January 12, 2020 at 9:37 pm
Dear Luis,
no, Europa Metals is developing the Toral project with the aim of being able to carry out a Pre-Feasibility Study based on the information from the surveys that are being carried out. Mining projects are always open to companies that can participate in them, but the company's objective is to develop the project.
Thanks for your comments.
Source:https://www.proyectotoral.com/2019/11/01/europa-metals-proyecto-toral-pagina-web/#comments

I think maybe the article was penned before the latest results ?....it certainly looks like it. Also not sure what date it was published but definitely not up to date as you rightfully say.... GLA.DYOR.

When asked by Andrew if the resource will be upgraded… LR responds very confidetly imo….”We are in no particular rush. In terms of the conversions we having now….doesnt need it”
About 6 mins in…… Sale or JV imminent imo.I think the economic crises created by CV could work in our favour...I know this sounds very selfish and terrible but sometimes in the worst of conditions...fortune favours the brave.
I still think Lundin are in the driving seat and in this case I believe a fair deal will be tabled.
https://www.youtube.com/watch?v=8PJJJrtVwjg

https://www.diariodeleon.es/articulo/bierzo/expectativa-mina-toral/202003010232341992331.html

Hi Oils...good to hear from you again. Trust you safe and well.
My theory is they have been working on a deal for some time now....so if i take your 3rd paragraph.....it fits perfectly if its a sale of EUZ....not EUZ Iberica....so busy winding it up ?.....just a thought.
Good luck and stay safe.

I think the sling is being loaded....just waiting for the shot....IMO.

Bobby why would they want to buy in Quantity ?...that would move the price. Also EUZ would want to buy back as many as they can...using the money wisely....Yes it will be RNS'd Im sure....after they have bought back as many as they can ....and announced with the deal on the same RNS....Everything I see points to this scenario. IMO.

No need to at this stage....if EUZ will announce the deal they have struck at the same time....also I think we already voted on giving LR a 10% discretionary with the shares...its minutted in one of the AGM's. So my guess is its withinn his authority.

and BTW...Its the perfect anti -dilutive strategy and its less shares in circulation and we will get more bang per buck in the payout queue.... And also ensures the outstanding warrants will never be issued....I hope to God Im right as this will be the perfect way to open and close 2020. Lols...hope I am not dreaming again....GLA.

Guys...we all have a theory but based on the symtom I believe a “huge buyback” is taken place in one form or other….hence this SP being kept low....I cannot for the life of me understand why or who but all comments will be welcome.
Maybe ...just maybe with the spare cash in our coffers and the sale pending EUZ themselves are buying back ?
This has been ongoing now for the last 3 months as I raised the issue with LR in an email on the 23rd Feb and guess what ?...no response. But something definitely happening imo.....DYOR.GLA

@Bobby...not a single trade for EUZ on NEX yesterday and none so far today. ...I dont recall ever having seen this situation before. Your thoughts ?

Also in the past I think the day traders milked EUZ to death and the LTH have had to change their strategy and "average down" as they have researched the asset and are prepared to hold for the longer term. Under these conditions perhaps as a trader you need to change your strategy and pay a premium if you want to trade. IMO.

Interesting posts…to add my 2 pence worth..The de-risking that is now entering its final stages with this project has not at all effected the SP for some time now and it should have done by now. I agree EUZ has NOT FOLLOWED a normal footprint which should at least by now have shown an increase in SP value with the de-risking that has taken place to date. Rather than blame LR maybe its because of your strategy which is buy low and sell on the rampy RNS.?
As this is what has happened on every RNS…an SP drop….IMO.

In RNS issued by EUA on 9th April.
This Company's discussions on its projects have continued with potential buyers at and after the global mining conferences of Indaba and PDAC, and following the temporary closure of the PGM mining industry in South Africa which has the capacity to produce 70-80% of global platinum and 40-50% of global palladium supply. The restart for some South African PGM miners may also prove difficult especially as there may be limited access to financing after all credit agencies (S&P, Moody's and Fitch) downgraded South Africa below the investment grade into 'junk' territory coupled with continued volatility in PGM prices (particularly platinum). The Company reiterates that at this stage there can be no guarantee that any transaction will occur.
RNS issued today by Anglo American
At Platinum Group Metals, Mogalakwena is operating with a c.50% level of workforce. Amandelbult, Mototolo, the joint venture mines and the Mortimer and Waterval smelters are on temporary care and maintenance. Polokwane smelter is continuing to operate. Repair of the ACP is progressing well and is on track to start-up within the expected timeframe, by 25 May. We anticipate overall PGM production levels will progressively build, with full production expected by year-end.

Lol. You are correct but Im hoping our BOD sees the comment and lights a fire under their backsides !!

Yes I agree Sheds....hence me being also being a bit upset with the latest TP broker note. It has not actually being updated at ALL with the additional derisking that has taken place as you say and they still have it undervalued it at 0.00071 imo. They are also undermining (excuse the pun) their own role to a large extent by not updating it and doing both Investors and EUZ an injustice and at the same time doing themselves great reputational damage.IMO.DYOR.GLA

Hmmm...a bit of interest and diversified views with a few new posters...anyone else think it may be "Squeeky Bum time" as the great man once said ?

With a Scoping Study that reads like a PFS and an NPV of $110 million dollars vs your f all I tend to disagree. Yes certainly a PFS will have to be funded and concluded by the buyer or the JV partner whichever route this goes down.
I think your final statement says it all. "This has only ever been good for trading, so trade it folks." You short of stock bud ?